Gappify Accrual Cloud
In partnership with JPMorgan, as part of their Beyond Banking Program, we are excited to offer preferential pricing for JPMorgan customers!
The Gappify Accrual Cloud manages your entire accrual process on a single platform, creating a holistic view of your spend. Automate your vendor and PO owner expense requests, compare current month accruals with your prior period actuals, and post SOX-compliant journal entries.
Manage Your Entire Accrual Process in a Single Platform
Gappify’s Accrual Cloud autonomously requests estimates of unbilled expenses from your vendors & PO and budget owners, stores responses in the platform & automates the creation of journal entries into your ERP to better manage your accrual process.
Responses and other relevant accrual data, including prior period actual accruals and default expense/liability accounts, are centrally organized & displayed within the platform to allow for robust analysis & review. At the conclusion of the workflow, SOX-compliant journal entries are generated within the platform for your selection and autonomous entry into your ERP system.
Benefits:
- Automatically reach out to all vendors for 100% accrual coverage - no need to limit confirmations to high risk vendors only
- Aggregate details from your ERP and confirmees to provide a centralized accruals view
- Allow Gappify to do labor-intensive tasks such as sending emails, collecting responses, aggregating expense data, and recording journal entries
- Store accrual activities in ways auditors like — with a high-level of auditability to reduce risk and strengthen compliance
Business Value:
- Close your books quicker, so management can make decisions faster
- Increase efficiency without added effort or headcount cost
- Mitigate risk of material misstatements and SOX significant deficiencies/material weaknesses by integrating Gappify into close workflow
- Spend more time performing flux, strategic & analytical reviews to ensure accrual accuracy and completeness through a single platform
Gappify Automation for ERP Accounting Systems
Vendor Accrual Confirmation
Autonomously email vendors to confirm unbilled expenses. Store responses in the Gappify Accrcual Cloud for analysis. Generate Sox-compliant journal entries for your selection and auto-entry into your ERP system to speed your accruals process with a high level of auditability.
Open PO Review
Automate outreach to your internal business partners to match expenses against open PO balances in real-time. Allow Gappify to do labor-intensive tasks such as sending emails, collecting responses, aggregating expense data, and recording JEs.
Vendor Management
Interact with new vendors autonomously to onboard them into your ERP system, automate vendor updates, and answer vendor payment inquiries to streamline the vendor management process while strengthening compliance.
Trusted by Leading Accounting Teams From
Learn how you can automate your monthly accrual and vendor management processes with Gappify.
In this demo, we will show you how Gappify can automate key areas of your accounting processes including:
- Vendor accrual confirmations
- Purchase Order accrual confirmations
- Accrual journal entry review & posting
- Vendor onboarding & refresh management
Get a Personalized Demo:
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Gappify Accrual Cloud
Manage your entire accrual process in a single cloud-based platform. Centralize your view of historical & current-month expense and accrual details that are compiled in the platform’s review center.
Automated Vendor Management
Say goodbye to manual emails, tax forms, and data entry! Leverage Gappify to automate vendor setup & updates in a SOX-friendly way.
Gappify Quick Facts
Improve speed, accuracy, compliance, and productivity of your accounting team. Gappify integrates into your ERP to automate tedious accounting processes, boosting efficiency and lowering costs.
About Gappify
Gappify, founded in 2016, is a cloud-based provider of accrual automation solutions for mid-market and enterprise accounting teams. The company is headquartered in New York City, with offices in Berkeley, California, Washington DC, and Manila, Philippines.
Its team consists of accountants and CPA’s from Big Four accounting firms and software innovators. Gappify is also supported by strategic advisors from some of the world’s most recognized technology companies and is affiliated with the top companies & accounting organizations.
